Today many refineries continued to decrease their sulfur unsettled prices in domestic market, and the unsettled price of N-China-Shandong line dipped to Yuan 5,600-5,800/mt, and meanwhile the actual dealing price decreased to Yuan 5,600-5,650/mt with cautious buying attitude. Presently the traders′ mood was in a downturn trend with confidence deficiency which was the major problem in domestic sulfur market. The refineries promotion had little effect on sales.

 

    Although Sinopec once again published a coordinating price notice yesterday, and asked its underlying refineries to unify their sulfur products prices, but the market decided everything, and the refineries′s  falling step would not stop. The international market presented a state that there was offers but without goods. The traders became cautious towards buying. Currently the arrived port goods all complied with pre-contracts and the cost was at Yuan 4,900-5,000/mt, and basically no one paid attention to the spot sulfur.

 

    Sales pressure of refineries in S-China was very big, and the prevailing price plunged to Yuan 5,250-5,550/mt with thin deals.

 

    Domestic sulfur was forecasted that in a short term, there were no evident positive factors to support the sulfur market, and the price would continue to drop. The sales atmosphere would turn better slowly. It was anticipated that after this round of adjustment, the domestic sulfur prices would decrease to about Yuan 5,000/mt.